Many prospective and existing borrowers are flocking to search engines and social forums to know the ways by which they can check their credit score. While the prospective borrowers get informed about the importance a credit score holds to the approval through TV ads, existing counterparts are also aware that a blip in the same can seriously dent their future credit prospects. And not every credit score gets the same amount of authenticity. Yes, you guessed it right! There are many involved in giving scores to the borrowers.
However, it’s CIBIL whose score gets the maximum reckoning. The reason being is its massive pile of record with respect to the borrowers. And so, you must know how to check CIBIL score online. To ease your search, the article has come with the steps which can help you check the score.
Steps to Check CIBIL Score Online
You can check your CIBIL score in the following steps.
- Visit CIBIL’s official website
- Click on Get Yours Now under a line saying about a free CIBIL score
- A new page will open with three different icons – Create Your Account, More About You and Verify Your Identity – at the top
- Choose your username and password to create CIBIL Login, followed by entering your first, middle and last name along with your email address and contact number
- Afterward, click on ‘Continue to Step 2’
- Then ‘More About You’ icon will appear asking to detail on the credit you serviced or are servicing
- Then, ‘Verify Your Identity’ will come on the screen
- Enter your basic personal details such as your PAN number and residence address
- All these details will be verified before CIBIL generates a score for you
- The first check in a year would come year. More checks would cost you ₹550 and more.
CIBIL Score Subscription Models
The score is provided by CIBIL on a subscription model. The monthly, half-yearly and yearly subscription models are available at ₹550, ₹800 and ₹1,200, respectively. So, it’s your choice and so choose it wisely.
CIBIL Score Down? What Should You to Do to Get it Up?
A good CIBIL score is all but 700 and above out of 300-900. If your score falls below the said level, you need to work on to get the score moving. It becomes a lot easier when you are servicing a debt unlike when it is over. Now, you must know the reasons for a poor score through a credit report that CIBIL provides. In the report, there would be suggestions marked to improve your score. More often than not, it’s the constant delay or default in the payment of dues that damages your credit profile. So, you need to get your repayment timely to get the score up all the time. Also, if you are utilizing a heavy chunk of your credit limit, there’s a need to curb that to get the score up. You can do so by maintaining a spend discipline and adhere to the same. Resist the temptation for impulsive spends and prevent the card from being used excessively.